Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
AlphaCentric Income Opportunities I IOFIX
- NAV / 1-Day Return 7.53 / 0.00
- Total Assets 306.2 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.650%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Multisector Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 7.95%
- Effective Duration —
USD | NAV as of May 31, 2024 | 1-Day Return as of May 31, 2024, 10:14 PM GMT+0
Morningstar’s Analysis IOFIX
Will IOFIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 37.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Carrington Mtg Ln 0.0001% | 8.21 | 33.7 Mil | Securitized |
CIT Mtg Ln Tr 5.22699% | 7.26 | 29.8 Mil | Securitized |
First American Treasury Obligs X | 6.31 | 25.9 Mil | Cash and Equivalents |
Option One Mortgage Loan Trust 2.83203% | 3.40 | 14.0 Mil | Securitized |
Freddie Mac Seasoned Credit Risk Transfer Trust 1.13452% | 3.10 | 12.7 Mil | Securitized |
TOWD POINT MORTGAGE TRUST 4.15297% | 3.02 | 12.4 Mil | Securitized |
Carrington Mtg Ln 0.0001% | 2.74 | 11.3 Mil | Securitized |
Citigroup Mortgage Loan Trust 3.94716% | 2.65 | 10.9 Mil | Securitized |
Abfc Trust 2.71692% | 2.64 | 10.8 Mil | Securitized |
NEW RESIDENTIAL MORTGAGE LOAN TRUST 4.00973% | 2.37 | 9.7 Mil | Securitized |